Univision Extends Pres./CEO Randy Falco's Contract
January 29, 2015 at 11:37 AM (PT)
UNIVISION COMMUNICATIONS INC. has given Pres./CEO RANDY FALCO a contract extension that will keep him in his position through JANUARY 2018. FALCO joined the company in 2011; he previously served as Chairman/CEO at AOL and various management positions at NBC, including President of the NUC UNIVERSAL TELEVISION NETWORK GROUP.
Chairman HAIM SABAN said, “Since taking the helm in 2011, RANDY has successfully guided UNIVISION through a period of exceptional growth and innovation, adeptly navigating a climate of unprecedented industry change and positioning the company for the future. Under RANDY’s leadership and vision, the Company has meaningfully increased earnings and accelerated its transformation from a niche broadcast network to a multimedia powerhouse, with platforms across the spectrum of traditional and new media that appeal to the diverse U.S. Hispanic audiences like no other media company can. By being nimble and opportunistic – internally and externally – and making smart investments, RANDY and his team have set UNIVISION apart from its peers, making our company an invaluable partner to marketers and distributors, providing our audiences more and better content than ever before, and creating opportunities for our talented employees. The Board is thrilled that RANDY will continue to lead UNIVISION.”